Our definition of flipping, as used in real estate:
Purchasing a home as investment, often a foreclosure or distressed property, and reselling it quickly. Sometimes these properties are repaired or renovated before reselling. Other times, the investor simply takes advantage of a good deal and resells without repairs or with minimal cosmetic updates.
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More →The Home Affordable Refinance Program, also known as HARP, was instituted in 2009 to help out homeowners who owed more than their homes were worth in today’s market. These homeowners would not normally be eligible for refinance because the loan to value ratios were out of normal standards. If a homeowner had a mortgage that [...]
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The US Department of Housing and Urban Development (HUD) has just revealed a new program for buyers of foreclosure homes owned by HUD.
From now through October of 2012, buyers who purchase HUD-owned homes could finance these properties with only a $100 down payment. $100. That is a huge deal for buyers who have an [...]
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Given our interests and passions, it probably comes as no surprise that Luis and I have some friends with very unique homes. We have friends with elaborate passive solar systems, solar hot water systems, geo-thermal heating systems, wind turbines, photovoltaic panels, straw bale adobe construction, thermal mass for cooling, and other green elements that add [...]
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If you are military or an employee of the Department of Defense or Homeland Security, you have a benefit you may not know about. The nonprofit Pentagon Federal Credit Union Foundation is offering a grant to help you in the home buying process. Up to $5,000 is available to a first time home buyer who [...]
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